VLCC
In the Middle East the market for 280,000mt Middle East to US Gulf trip routing via the Cape/Cape is assessed flat at WS19, while rates for 270,000mt to China have eased one point to about WS34, which shows a round trip....
Bunker Ports News
Published 3y-4mo-3w-3d-20h-34m ago
In the second of our tech talks, Jeremy Crossman, Sales Excellence amp Coaching at Wärtsilä Marine Power, speaks to three experts about the latest solutions for increasing operational optimisation on LNG carriers. Fredric Sunabacka, Product Manager for Wärtsilä’s W32 and....
Bunker Ports News
Published 3y-4mo-3w-3d-20h-34m ago
In March of 2021, the cargo volume of China ports was 1276.8 million tons, a year on year increase of 16.2%, the container throughput of China ports was 23.5million TEU, a year on year increase of 14.6%. The chart below shows the cargo throughput....
Bunker Ports News
Published 3y-4mo-3w-5d-20h-35m ago
During Week 16, MABUX World Bunker Index continued slight downward movement following general trends on global crude oil market. 380 HSFO index fell by 1.71 USD: from 420.45 USD/MT to 418.74 USD/MT, VLSFO Index decreased by 5.45 USD: from 512.44....
Bunker Ports News
Published 3y-4mo-3w-6d-20h-34m ago
Global multimodal logistics company Samskip has increased its commitment to greener shipping through a new formal agreement with sustainable cargo initiative GoodShipping to run part of its fleet on marine biofuels and significantly reduce carbon footprint. The initial usage of....
Bunker Ports News
Published 3y-4mo-3w-6d-20h-35m ago
In its latest support for the marine and offshore industry’s decarbonization drive, ABS has published a detailed life cycle, or value chain, analysis of the greenhouse gas GHG footprint of the leading alternative marine fuels.
The first of its kind analysis is the heart of the....
Bunker Ports News
Published 3y-4mo-4w-20h-34m ago
Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, has signed a framework agreement with Offshore Technology Development OTD , Keppel Offshore amp Marine’s technology arm specialising in the provision of critical equipment which supports the offshore oil....
Bunker Ports News
Published 3y-4mo-4w-20h-35m ago
Lloyd’s Register Maritime Decarbonisation Hub and the Mærsk Mc Kinney Møller Center for Zero Carbon Shipping form new project with A.P. Moller Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line and Total to support shipping’s transition to zero carbon.
The Lloyd’s Regis....
Bunker Ports News
Published 3y-4mo-4w-1d-20h-34m ago
ABS and Rainmaking are to collaborate to support entrepreneurs with maritime decarbonization technologies.
ABS’ extensive marine and offshore industry experience combined....
Bunker Ports News
Published 3y-5mo-8h-34m ago
The X gas Project is a series of innovative and unconventional, medium capacity Liquified Gas / Gas bunkering tankers designed by KNUD E. HANSEN. The flagship design of the project is a 126.5 metre vessel with a total cargo capacity of 9,000....
Bunker Ports News
Published 3y-5mo-20h-34m ago
An innovative fuel cell system based on high temperature proton exchange membrane HTPEM technology from Blue World Technologies is being constructed for testing at the Alfa Laval Test amp Training Centre in Aalborg, Denmark. The test installation, which will use methanol....
Bunker Ports News
Published 3y-5mo-20h-34m ago
VLCC
It has been a marginally better week for owners all round. In the Middle East Gulf the market for 280,000mt to US Gulf trip routing via Cape/Cape is assessed now half a point higher at WS18.75 plus, while rates for....
Bunker Ports News
Published 3y-5mo-1d-20h-34m ago
An independent study has reconfirmed that greenhouse gas GHG reductions of up to 23% are achievable now from using LNG as a marine fuel, depending on the marine technology employed. This is compared with the emissions of current oil based marine....
Bunker Ports News
Published 3y-5mo-3d-20h-34m ago
MABUX World Bunker Index decreased during the week. The 380 HSFO index has decreased from 407.92 USD/MT to 420.77 USD/ MT +12.85 USD , VLSFO has added 15.16 USD: from 497.76 USD/MT up to 512.92 USD/MT. MGO LS increased by 12.34....
Bunker Ports News
Published 3y-5mo-4d-20h-34m ago
Earlier this week, a 400 meter long container ship halted transit in both directions on one of the world’s major seaborne trade chokepoints after running aground across a single lane stretch of the canal. Getting the vessel out of the way may....
Bunker Ports News
Published 3y-5mo-5d-20h-35m ago
An alliance of Greek and Swedish shipowners, along with Transport amp Environment T amp E , has called on the European Commission to put the ‘polluter pays principle’ at the core of its emissions trading system ETS proposal. In a letter to the....
Bunker Ports News
Published 3y-5mo-1w-20h-34m ago
Indian Register of Shipping IRClass has undertaken successful sea trials for two vessels towards use of biofuels in concurrence with the Indian flag administration. The two vessels – Ambuja Mukund and Ambuja Vaibhav, are owned by Ambuja Cements Ltd., which....
Bunker Ports News
Published 3y-5mo-1w-20h-35m ago
VLCC
Rates have slipped in all sectors. In the Middle East the market for 280,000mt Middle East to US Gulf trip routing via the Cape/Cape is assessed a point lower at WS18, while rates for 270,000mt to China have eased 1.5....
Bunker Ports News
Published 3y-5mo-1w-1d-20h-34m ago
Following implementation of the IMO 2020 global sulphur cap on 1 January 2020 , the club published an article relating to the operational experience on the transition to compliant fuel blends. There have been industry concerns over the uncertainty and potential....
Bunker Ports News
Published 3y-5mo-1w-1d-20h-35m ago
The focus of this advisory is prevention of damage to the main engine, auxiliary engine and boiler plant caused by fuel oil contaminated by chemicals such as cleaning solvents.
In a recent matter the bunkered fuel test results gave no reason....
Bunker Ports News
Published 3y-5mo-1w-3d-20h-34m ago
In the period 2016 2020, the port of Rotterdam reduced its total carbon emissions by no less than 27%. Nationwide, the volume of greenhouse gases released into the atmosphere fell by 14% in the same period. In 2020, Rotterdam achieved a....
Bunker Ports News
Published 3y-5mo-1w-3d-20h-35m ago
With biomethane, a non fossil energy, CMA CGM provides customers with a new and immediately available solution, bringing the Group a step closer toward carbon neutrality.
12,000 tonnes of biomethane, the equivalent of two 1,400 TEU LNG powered ships on an intra European service....
Bunker Ports News
Published 3y-5mo-1w-4d-20h-34m ago
The European innovation project Flagships will deploy the world’s first commercial cargo transport vessel operating on hydrogen, plying the river Seine in Paris. Commercial operations are set to commence in 2021.
The hydrogen cargo transport vessel will be owned by French....
Bunker Ports News
Published 3y-5mo-1w-5d-20h-34m ago
Despite the introduction ten years ago of regulations prohibiting the use of asbestos materials onboard ship, a significant number of existing and newbuild vessels continue to operate systems and machinery containing the hazardous substance.
According to maritime testing facility Maritec, which....
Bunker Ports News
Published 3y-5mo-1w-6d-20h-34m ago
MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has increased from 408.36 USD/MT to 414.48 USD/ MT +6.12 USD , VLSFO has lost 5.08 USD: from 505.14 USD/MT to 500.06 USD/MT. MGO LS decreased....
Bunker Ports News
Published 3y-5mo-2w-4d-20h-34m ago
Suppliers in Houston generally have stems of all grades available on short notice. Certain suppliers have tight schedules for dates at the start of the new month.
Sea fog and poor visibility shut the Houston Ship Channel temporarily this week,....
Bunker Ports News
Published 3y-5mo-2w-4d-20h-34m ago
Euronav NV reported its final financial results today for the full year to 31 December 2020.
Hugo De Stoop, CEO of Euronav said: “2020 will be recorded as one of the most tumultuous in tanker market history. Euronav’s positioning ensured shareholders....
Bunker Ports News
Published 3y-5mo-2w-5d-20h-34m ago
To support the Low Carbon Shipping effort, the IMO Global Industry Alliance GIA published a guide with eight practical measures seaports can take to reduce greenhouse gas emissions from shipping. The Port of Rotterdam was actively involved in bringing about....
Bunker Ports News
Published 3y-5mo-2w-5d-20h-35m ago
Navigare Logistics, Amon Maritime and Mosvolds Rederi join forces to create a pure zero emission shipping company, offering short sea bulk transportation without emissions of CO2. This partnership demonstrates the ambition to be a leading player in the green shift....
Bunker Ports News
Published 3y-5mo-2w-6d-20h-34m ago
Lean Marine’s automated propulsion optimization technology, FuelOpt™ is able to assist ship operators comply with the current IMO EEXI framework by safely limiting shaft power output.
GOTHENBURG, SWEDEN: MARCH 29, 2021: Swedish propulsion optimization experts, Lean Marine is proud to announ....
Bunker Ports News
Published 3y-5mo-3w-20h-34m ago
USTC announced today that the Group has acquired BunkerEx with the objective to step up and streamline digitalisation activities across USTC companies. USTC remains committed to its ambition of intensifying and advancing the USTC companies’ digitalisation activities, which is an....
Bunker Ports News
Published 3y-5mo-3w-20h-35m ago
VLCC
Rates have firmed in all sectors. In the Middle East the market for 280,000mt Middle East to US Gulf trip routing via the Cape/Cape is assessed almost a point higher at WS19, while rates for 270,000mt to China have improved....
Bunker Ports News
Published 3y-5mo-3w-1d-20h-34m ago
Containership Ever Given remains grounded and blocking the Suez Canal, according to Leth Agencies, a company specialising in canal transits.
Tugboats and dredgers continue to try to refloat the vessel, but to no avail as of Thursday afternoon London time.
Traffic remains....
Bunker Ports News
Published 3y-5mo-3w-1d-20h-35m ago
TECO 2030 ASA has successfully completed the feasibility and concept study for Marine Fuel Cells together with its partner AVL List GmbH. The company is now moving over to the next phase of Maritime Fuel Cell development, all according to....
Bunker Ports News
Published 3y-5mo-3w-3d-19h-34m ago
Port of Antwerp, Fluxys, and Titan LNG have celebrated the christening of a new LNG bunker barge the FlexFueler 002. Owned by gas infrastructure group, Fluxys and leading physical supplier of LNG, Titan LNG, the FlexFueler 002 makes LNG as....
Bunker Ports News
Published 3y-5mo-3w-3d-19h-35m ago
In the first quarter 2021, global bunker prices demonstrated firm upward evolution: the growth of MABUX HSFO 380 Global Index averaged plus 59.94 USD/MT, MABUX VLSFO Global Index – plus 67.80 USD/MT and MABUX MGO Global Index – plus 84.50....
Bunker Ports News
Published 3y-5mo-3w-4d-19h-34m ago
Availability for low sulphur stems has improved in Fujairah, Zhoushan and Busan this week, while supplies remain tight in Singapore, Japanese and Far East Russian ports.
Lead times for VLSFO stems have tightened by one day this week in....
Bunker Ports News
Published 3y-5mo-3w-6d-19h-34m ago
The International Maritime Organization IMO has issued a call for expressions of interest from countries with a medium sized port to take part in a pilot project to establish an efficient digitalized system for electronic exchange of information in ports for....
Bunker Ports News
Published 3y-5mo-3w-6d-19h-35m ago
Vodafone Business ushered in a new era for the Piraeus Container Terminal, which promises cutting edge technologies and new, unlimited possibilities for the country’s largest port.
Acting as a catalyst in Greece’s technology and telecommunications, Vodafone designed, built, and delivered fo....
Bunker Ports News
Published 3y-5mo-4w-19h-34m ago
The U.S. Energy Information Administration’s EIA Annual Energy Outlook 2021 AEO2021 projects that the volume of U.S. liquefied natural gas LNG exports through 2050 will span a wide range based on its published side cases. In the AEO2021 Reference case,....
Bunker Ports News
Published 3y-5mo-4w-19h-35m ago
VLCC
Rates have firmed slightly in the Atlantic and remain unmoved in the Middle East.
For the 280,000mt Middle East to US Gulf trip routing via the Cape/Cape , rates again continue to be assessed at the WS18 18.5 level. And for voyages of....
Bunker Ports News
Published 3y-5mo-4w-1d-19h-34m ago
In response to the shipping community’s concerns about the characteristics of Very Low Sulphur Fuel Oil VLSFO , an ISO Review of 2020 Marine Fuel Quality in January 2021 will be submitted to the IMO Marine Environment Protection Committee MEPC for....
Bunker Ports News
Published 3y-5mo-4w-1d-19h-34m ago
Mitsui O.S.K. Lines, Ltd. yesterday announced that it has decided to invest in Norway based Larvik Shipping AS, a ship management company for liquefied CO2 carriers, marking MOL’s first foray into the liquefied CO2 ocean transport business.
Liquefied CO2 ocean transport plays....
Bunker Ports News
Published 3y-6mo-19h-34m ago
NYK Bulkship Asia Pte. Ltd., an NYK Group company based in Singapore, has signed a Contract of Affreightment COA with Neste Shipping Oy, a wholly owned subsidiary company of Neste Oyj Neste headquartered in Finland, for the ocean transportation of....
Bunker Ports News
Published 3y-6mo-19h-35m ago
MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has declined from 431.14 USD/MT to 428.88 USD/ MT 2.26 USD , VLSFO has lost 2.80 USD: from 535.43 USD/MT to 532.63 USD/MT. MGO LS increased....
Bunker Ports News
Published 3y-6mo-1d-19h-34m ago
VLCC
Overall rates slipped further downwards, for Middle East region 280,000mt to US Gulf via the Cape/Cape routing continues to be assessed at WS18 18.5 level. Meanwhile, rates for 270,000mt to China eased another 1.5 points to WS28 28.5 level showing a TCE....
Bunker Ports News
Published 3y-6mo-5d-19h-34m ago
Exploring how batteries, biofuels, hydrogen, ammonia and digitalisation can all help decarbonisation
Shipping accounts for 13% of the carbon dioxide emitted by transport. The industry has been set a target of halving greenhouse gas emissions by 2050, relative to 2008 levels, but....
Bunker Ports News
Published 3y-6mo-1w-19h-34m ago
MABUX World Bunker Index is back to firm uptrend after a slight decline a week earlier. The 380 HSFO Index has risen by 18.35 USD: from 411.95 USD/MT to 430.30 USD/MT. VLSFO Index has increased by 17.45 USD: from 516.90....
Bunker Ports News
Published 3y-6mo-1w-1d-19h-34m ago
In a pioneering tanker move, Monjasa enables outer anchorage bunker supplies off Cristobal. This means significantly less idle time for larger ships taking bunkers in the Panama Canal.
Global oil and shipping group Monjasa brings MT Monjasa Supplier 8,839 dwt from Dubai....
Bunker Ports News
Published 3y-6mo-1w-2d-19h-34m ago
While rules covering commission testing for newbuild ballast water system installations are due to enter into force in June 2022, independent testing facility Maritec believes shipowners should not be reluctant in carrying out further testing of a system they consider....
Bunker Ports News
Published 3y-6mo-1w-2d-19h-34m ago
StormGeo, the leader in weather intelligence, ship routing and fleet performance management solutions, announced today the launch of Strategic Power Routing—a service that optimizes the power output of a vessel in varying weather conditions to enhance overall fuel efficiency and....
Bunker Ports News
Published 3y-6mo-1w-3d-19h-34m ago
OCI N.V. Euronext: OCI today announced that it has signed two separate agreements:
1. Memorandum of Understanding with MAN Energy Solutions MAN and Hartmann Gas Carriers Germany GmbH amp Co Hartmann , under which OCI intends to charter ammonia vessels built, owned....
Bunker Ports News
Published 3y-6mo-1w-4d-19h-34m ago
Major tests of methanol as a marine fuel will soon begin at the Alfa Laval Test amp Training Centre in Aalborg, Denmark.
Working closely with MAN Energy Solutions and other partners, Alfa Laval will explore the possibility of running the centre’s....
Bunker Ports News
Published 3y-6mo-1w-4d-19h-34m ago
Post Brexit trade disruption and ongoing congestion are causing critical build ups of containers at UK ports, according to the latest data from Container xChange.
The UK’s leading container terminals struggled to cope with the pandemic driven surge of imports last year resulting....
Bunker Ports News
Published 3y-6mo-1w-4d-19h-35m ago
VLCC
OPEC seemed to be the focus of most players this week, with production quotas being rolled into April eventually being agreed, handing Owners little cheer as rates for VLCCs came under some pressure. In the Middle East region, 280,000mt to....
Bunker Ports News
Published 3y-6mo-1w-5d-19h-34m ago
Eleven States from across the globe are partnering in the International Maritime Organization IMO Norway GreenVoyage2050 Project, which is supporting the path to decarbonization in the shipping sector, in line with the IMO Initial Strategyon the reduction of greenhouse gas emissions....
Bunker Ports News
Published 3y-6mo-1w-5d-19h-34m ago
The Swedish ship operator Ventrafiken and the research project “Data driven energy efficiency for ships” D2E2F have established a collaboration to collect open data for research purposes. One of the double ended ferries Uraniborg have been equipped with a Blueflow Energy....
Bunker Ports News
Published 3y-6mo-2w-19h-34m ago
The culmination of well over three years’ work by NGO’s and key maritime players in both private and private sectors received a major boost this week, with a key missing piece of the puzzle – application program interface standards which....
Bunker Ports News
Published 3y-6mo-2w-19h-35m ago
The main driver for bunker prices this week is the decision of OPEC+ alliance according further oil production cuts.
MABUX World Bunker Index has shown firm downtrend during the week. The 380 HSFO index has declined from 418.58 USD/MT to 411.01....
Bunker Ports News
Published 3y-6mo-2w-1d-19h-34m ago
DNV has supported Hapag Lloyd in obtaining financing for six of its highly efficient containership newbuildings according to the Green Loan Principles of the Loan Market Association LMA . DNV has verified that the transactions fulfil the requirements of the programme.
The decarbonization....
Bunker Ports News
Published 3y-6mo-2w-2d-19h-34m ago
Congestion at major global seaports spiked in the second half of 2020, with ships requiring the loading and unloading of over 6,000 containers per visit spending an average of over 83 hours in port, a rise of 20% year on....
Bunker Ports News
Published 3y-6mo-2w-3d-19h-34m ago
After grinding to a halt in the aftermath of the global financial crisis, M amp A activity in the port sector has been growing, with financial investors being particularly active.
Recent M amp As indicate the sector is consolidating
Recent media reports suggest that the....
Bunker Ports News
Published 3y-6mo-2w-4d-19h-34m ago
Windship Technology, Britain’s leading True Zero Emission company for the shipping industry, can today confirm the findings from the world leading Wolfson Unit of the University of Southampton following a detailed study into its innovative and patented triple wing rig....
Bunker Ports News
Published 3y-6mo-2w-4d-19h-34m ago
Wood Mackenzie’s latest report reveals that the International Maritime Organization’s IMO 2030 carbon intensity target can be achieved with the adoption of the Energy Efficiency Design Index EEDI and Energy Efficiency Design Index for existing ships EEXI amendments at the....
Bunker Ports News
Published 3y-6mo-2w-5d-19h-34m ago
The Clean Shipping Alliance regrets the vote that took place today in the Transport Committee of the European Parliament that encourages EU Member States to restrict open loop Exhaust Gas Cleaning Systems EGCS was taken without any scientific basis.
25 February....
Bunker Ports News
Published 3y-6mo-3w-19h-34m ago
Until February 24th, 2021, many observers and experts in the maritime logistics chain were considering that standardization was lacking in the terminal industry. This perception might have changed thanks to the recent TIC 4.0 webinar co organized with TOC Digital. The....
Bunker Ports News
Published 3y-6mo-3w-19h-35m ago
Oil prices spiked to 13 month highs after the Texas Freeze, which knocked out as much as 4 million bpd of U.S. oil production and 6 million bpd of refining capacity. The production outages have created a tighter supply situation that....
Bunker Ports News
Published 3y-6mo-3w-1d-19h-34m ago
METIS Cyberspace Technology has refined its cloud based data acquisition and ship performance reporting solution to offer shipping’s first tool to predict the trade off between emissions reduction and debt servicing for ships financed under the Poseidon Principles.
Designed to incentivise mar....
Bunker Ports News
Published 3y-6mo-3w-2d-19h-34m ago
Cargill and Maersk Tankers are embarking on a strategic partnership to combine their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses. The initial goal is to procure bunker fuel for Cargill and Maersk....
Bunker Ports News
Published 3y-6mo-3w-2d-19h-34m ago
According to the World Bank, trade represented more than 60% of the global gross domestic product GDP in 2019. And 90% of the world’s trade is facilitated by the shipping industry, according to the International Chamber of Shipping. The vast....
Bunker Ports News
Published 3y-6mo-3w-3d-19h-34m ago
Nordic energy company Gasum has entered into an agreement with the City of Vaasa, NLC Ferry Oy and Wärtsilä Finland Oy to supply liquefied natural gas LNG to Wasaline, which operates the Vaasa Umeå ferry route, and for use in Wärtsilä’s....
Bunker Ports News
Published 3y-6mo-3w-3d-19h-35m ago
Singapore based independent test and research facility Maritec is advising shipowners on how best to meet IMO 2020 fuel testing requirements following reports of excessive sulphur in some very low sulphur fuel oils.
In a Technical Bulletin issued to customers in December,....
Bunker Ports News
Published 3y-6mo-3w-4d-19h-34m ago
Kalmar’s commitment to reducing the environmental impact of its machines is helping Broekman Logistics meet its objective of increasing the eco efficiency of its fleet while enabling round the clock operations.
Broekman Logistics specialises in providing customised logistics solutions for pro....
Bunker Ports News
Published 3y-6mo-3w-4d-19h-35m ago
VLCC
Another stagnant week in this market with Worldscale fixing rates improving by less than a point. In the Middle East region, 280,000mt to US Gulf via the Cape/Cape routing continues to be assessed at around WS18.5 level and rates for....
Bunker Ports News
Published 3y-6mo-3w-5d-19h-34m ago
Gazpromneft Marine Bunker, operator of the Gazprom Neft bunkering business, delivered a 3.5 fold increase in ship to ship sales of MARPOL compliant marine fuels in 2020,* reaching 1.1 million tonnes and giving the business a 20% market share in low sulphur and ultra low sulphur bunkering....
Bunker Ports News
Published 3y-6mo-3w-5d-19h-34m ago
We are now in the middle of the first quarter of 2021 and the tanker market remains very weak. We are not expecting any significant change during this quarter – but, as we wrote in the 2020 year end report, we....
Bunker Ports News
Published 3y-7mo-19h-34m ago
Europe’s largest port has been operating 24/7 during 2020. Precisely in this corona year, when society at large has been severely disrupted, the port of Rotterdam has confirmed its role as a reliable partner in the logistics chain. Goods volumes....
Bunker Ports News
Published 3y-7mo-19h-35m ago
Global oil and fuel prices are picking up as demand returns to pre pandemic levels amid easing coronavirus lockdowns in key countries like China and India and signs of increasing road travel in several countries.
MABUX World Bunker Index has shown firm....
Bunker Ports News
Published 3y-7mo-1d-19h-34m ago
Fast tracked by advances in technology and increasing customer demand for sustainable supply chains, A.P. Moller – Maersk accelerates the efforts to decarbonise marine operations with the launch of the world’s first carbon neutral liner vessel in 2023 – seven years....
Bunker Ports News
Published 3y-7mo-2d-19h-34m ago
DNV GL, the world’s leading classification society, released a white paper – “Closing the safety gap in an era of transformation” – at a press conference today. The white paper identifies a looming “safety gap” between shipping’s existing approach to....
Bunker Ports News
Published 3y-7mo-3d-19h-34m ago
Maritime technology company ZeroNorth has today announced it has opened a new office in Piraeus, Greece, to further its aim to support more ship owners and operators to digitalise and decarbonise their operations.
The new office is an important expansion for....
Bunker Ports News
Published 3y-7mo-3d-19h-34m ago
AYRO was recently awarded an Approval in Principle AiP for its Oceanwings® 3.6.3 wind assisted propulsion system for ships from DNV GL, a world’s leading classification society. The Oceanwings 3.6.3 system is designed to enable ship owners and operators to....
Bunker Ports News
Published 3y-7mo-4d-19h-34m ago
VLCC
The Chinese Lunar New Year Holiday has kept this sector quiet this week. In the Middle East region, there was no shift in the assessment of 280,000mt to US Gulf via the Cape/Cape routing at WS18/18.5 level and the 270,000mt....
Bunker Ports News
Published 3y-7mo-5d-19h-34m ago
What does it mean to be the world class terminal operator
To begin with, being world class means providing a world class experience for our Customers whether they come by ship or use our gates. It means having a safe and....
Bunker Ports News
Published 3y-7mo-5d-19h-35m ago
RINA, a leading global classification society, and the Shanghai Merchant Ship Design amp Research Institute SDARI have signed a Joint Development Project Agreement to develop a ground breaking ship design capable of being fuelled by either ammonia or methanol.
Within the....
Bunker Ports News
Published 3y-7mo-1w-19h-34m ago
The City of Antwerp and the City of Bruges have reached an agreement to merge their respective ports. The two city agreement marks the start of a unification process that is expected to take a year to finalise. Once completed, the....
Bunker Ports News
Published 3y-7mo-1w-19h-34m ago
The firm upward trend on global bunker market continues. As a result, MABUX World Bunker Index has been rising during the week. The 380 HSFO index has risen from 376.32 USD/MT to 387.67 USD/ MT +11.35 USD , VLSFO has added....
Bunker Ports News
Published 3y-7mo-1w-1d-19h-34m ago
Digital technologies, including AI, data integration and analytics solutions, are expected to transform international shipping in the coming decades as shipowners are seeking solutions that allow them to increase operational efficiency and sustainability and help to comply with environmental regul....
Bunker Ports News
Published 3y-7mo-1w-2d-19h-34m ago
Mitsui O.S.K. Lines, Ltd. and Bearing, Inc. announced yesterday an expansion of their partnership that began in 2019. The relationship was originally established with the goal of improving shipping efficiencies within the maritime industry. Through various trials and intensive discussions....
Bunker Ports News
Published 3y-7mo-1w-2d-19h-35m ago
The Korean Register KR has published a technical report outlining the safety regulations and resulting design implications for ammonia fueled ships. The report provides essential information for industry stakeholders such as shipowners, shipyards, and equipment companies for the construction of....
Bunker Ports News
Published 3y-7mo-1w-3d-19h-34m ago
Risavika LNG front month has dropped further for front month contracts, it was at 28.38 EUR/MWh for March and 5.1 % higher week on week. However, European hub prices are currently quite bullish on colder weather outlook by the end of February,....
Bunker Ports News
Published 3y-7mo-1w-3d-19h-34m ago
Dutch sailing cargo company EcoClipper has released a Life Cycle Analysis LCA , which examines their proposed vessel’s impact in the transport industry. The study was carried out by EcoClipper’s specialists and environmental scientist Andrew Simons Co founder of 3SP and Sailink ....
Bunker Ports News
Published 3y-7mo-1w-4d-19h-34m ago
As wind assist propulsion technologies for commercial shipping are starting to become available and installations are ramping up, there is also a growing interest in primary wind solutions or optimized whole vessel design solutions.
Since the opening of their towing tank in....
Bunker Ports News
Published 3y-7mo-1w-4d-19h-34m ago
VLCC
The VLCC market remains in the doldrums with little joy or optimism for owners on the income front. In the Middle East region, rates for 280,000mt to USG via the Cape/Cape routing were unchanged again at the WS18/18.5 mark, while....
Bunker Ports News
Published 3y-7mo-1w-5d-19h-34m ago
With an expensive, complex asset like a ship’s engine it would be unthinkable to consider giving it less, not more, maintenance, wouldn’t it Yet with the right data and technologies in the right hands, it’s possible – and this means....
Bunker Ports News
Published 3y-7mo-1w-5d-19h-35m ago
This month, Mr. Tom Hautekiet tells ESPO all about the Port of Zeebrugge! Discover below how Mr. Hautekiet got into the port sector, how the Port of Zeebrugge handled the COVID 19 crisis and Brexit, and learn more about his views....
Bunker Ports News
Published 3y-7mo-2w-19h-34m ago
MABUX World Bunker Index demonstrated firm upward evolution over a week following the rise on oil prices globally. The 380 HSFO index rose from 365.37 USD/MT to 376.15 USD/ MT +10.78 USD , VLSFO added 15.56 USD: from 460.94 USD/MT to....
Bunker Ports News
Published 3y-7mo-2w-1d-19h-34m ago
Risavika LNG front month is at 29.82 EUR/MWh for March, lower by 5.6 % week on week. Prices are moving towards lower demand season and expectation of more LNG cargoes arriving to Europe next month due to reduction of price spread between....
Bunker Ports News
Published 3y-7mo-2w-2d-19h-34m ago
We are working determinedly to improve the energy efficiency of our combination carriers to reach our 2022 target of a 15% reduction in CO2 emission per vessel. An important part of this work is our ongoing focus on minimizing marine....
Bunker Ports News
Published 3y-7mo-2w-2d-19h-34m ago
BIMCO is working on a charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System AIS which is mandatory for all ships to carry under SOLAS.
AIS transmits information about a ship including its identity....
Bunker Ports News
Published 3y-7mo-2w-3d-19h-34m ago
On 1 January 2020, new reduced limits on sulphur in fuel oil brought about a 70% cut in total sulphur oxide emissions from shipping, ushering in a new era of cleaner air in ports and coastal areas by using less....
Bunker Ports News
Published 3y-7mo-2w-3d-19h-34m ago
SAACKE Marine Systems is breaking new ground in methane combustion on LNG tankers: After just under a year of development and engineering, the company is presenting its new product – the GCU evo. The further development of the classic Gas....
Bunker Ports News
Published 3y-7mo-2w-3d-19h-35m ago
Energy storage pioneer Corvus Energy is set to start development and production of sustainable, large scale maritime certified hydrogen fuel cell systems. Production will be located in Bergen, Norway with Toyota onboard as key partner and supplier of mass produced fuel cell....
Bunker Ports News
Published 3y-7mo-2w-4d-19h-34m ago
“Despite the severe impact of the COVID 19 pandemic on the global supply chain last year, which will most certainly continue until the second half of this year, ships continue to carry goods and commodities around the world, such as essential....
Bunker Ports News
Published 3y-7mo-2w-5d-19h-34m ago
The launch of ABB’s CEMcaptain will help shipping comply with the sulphur emission regulations that were enforced in 2020, and keep in check their CO2 footprint.
In January 2020, the low sulphur and nitrousoxide emission limits in the International Maritime Organization....
Bunker Ports News
Published 3y-7mo-3w-19h-34m ago
The World Bunker Index MABUX was steady over a week with no real firm trend. The 380 HSFO index rose slightly from 365.63 USD/MT to 365.92 USD/ MT +0.29 USD , VLSFO added only 1.43 USD: from 460.00 USD/MT to 461.43....
Bunker Ports News
Published 3y-7mo-3w-1d-19h-34m ago
Risavika LNG front month reached 31.49 EUR/MWh increasing 4 % week on week. European gas prices remain supported by tightened supply and potential cold outlook at the beginning of February. Russian gas flows to Europe remain lower compared to last year and....
Bunker Ports News
Published 3y-7mo-3w-1d-19h-34m ago
APM Terminals Elizabeth embarked on a decarbonizing plan in 2016 as part of a multi year effort to reduce energy consumption through improved efficiency, equipment upgrades, and electrification to reduce emissions and create a safer, cleaner working environment for employees. The....
Bunker Ports News
Published 3y-7mo-3w-1d-19h-35m ago
The Norwegian company, CRYO Shipping, a global supplier sustainable and environmentally friendly energy to both transport and industry commences 2021 with a historically important milestone on 24 th January when the company bunkers LNG to the shuttle tanker, Altera Wave,....
Bunker Ports News
Published 3y-7mo-3w-3d-19h-34m ago
ABS, Nanyang Technological University NTU , Singapore, and the Ammonia Safety and Training Institute ASTI are collaborating on a study of the potential of ammonia for Singapore, exploring supply, bunkering, and safety challenges with the marine fuel.
Titled Ammonia as a Marine....
Bunker Ports News
Published 3y-7mo-3w-4d-19h-34m ago
The technology group Wärtsilä, as part of a consortium led by the University of Vaasa in Finland, will play a major role in an important project aimed at reducing the environmental impact of shipping. Project CHEK – deCarbonising sHipping by....
Bunker Ports News
Published 3y-7mo-3w-4d-19h-34m ago
The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. The base point for the indices is January....
Bunker Ports News
Published 3y-7mo-3w-4d-19h-34m ago
VLCC
The market weakened even further this week with rates dropping and the timecharter equivalent for the main front haul voyages heading towards, if not actually realising, negative returns. In the Middle East 280,000mt to US Gulf via the....
Bunker Ports News
Published 3y-7mo-3w-5d-19h-34m ago
DNV GL has awarded an Approval in Principle AIP to Korea Shipbuilding and Offshore Engineering KSOE for a wing sail auxiliary propulsion system for ships – the result of a joint research project between KSOE and SK Shipping. The virtual award....
Bunker Ports News
Published 3y-7mo-4w-19h-34m ago
The Panama Canal has signed memorandums of Understanding with Panama Ports Company PPC and PSA Panama International Terminal PSA Panama to help optimize supply routes for the distribution of the COVID 19 vaccine and supplies to Latin America.
Panama’s logistics capabilities and....
Bunker Ports News
Published 3y-7mo-4w-19h-35m ago
The COVID 19 pandemic’s spread is taking center stage again and markets are getting increasingly worried about the long duration of European lockdown and about the new restrictions in China. Border closures, social distancing measures and shutdowns will continue to constrain....
Bunker Ports News
Published 3y-7mo-4w-1d-19h-34m ago
Risavika LNG front month reached 30.20 EUR/MWh sideways to last week. European gas prices remained supported by tightened supply and cold weather outlook. However, the weather forecast for the rest of the January and beginning of February shows higher than....
Bunker Ports News
Published 3y-7mo-4w-2d-19h-34m ago
An ABS classed Suezmax tanker ordered by Avin International LTD, the first vessel of a potential order of three vessels, is to be the first ammonia fuel ready vessel in the world.
The landmark 274 meter long vessel, hull number 0315852, is now under construction....
Bunker Ports News
Published 3y-8mo-19h-34m ago
A world leader in the design, manufacture and maintenance of all types of port cranes, Konecranes, has introduced reach and height modernisations of ship to shore STS equipment to help operators to adapt quickly and cost efficiently to rapidly changing demands and....
Bunker Ports News
Published 3y-8mo-19h-35m ago
Alfa Laval, DTU Energy, Haldor Topsoe, Svitzer and the Mærsk Mc Kinney Møller Center for Zero Carbon Shipping are entering into a joint project to accelerate the development of solid oxide fuel cell SOFC technology. Funded by a grant from Danish....
Bunker Ports News
Published 3y-8mo-1d-19h-34m ago
Chevron Marine Lubricants has helped ship owner customers identify and manage a distinctive engine condition challenge associated with the widespread switch to low sulphur fuels.
Some ship owners using very low sulphur fuel oil VLSFO have reported build up of red deposits on piston....
Bunker Ports News
Published 3y-8mo-1d-19h-34m ago
The total throughput of Port of Antwerp in 2020 amounted to 231 million metric tonnes of cargo, a fall of 3.1% compared with the previous year. Thanks to the buoyant container throughput rates, which set a new record, the port....
Bunker Ports News
Published 3y-8mo-1d-19h-35m ago
VLCC
A general further weakening of rates was seen across this sector. In the Middle East 280,000mt to US Gulf via the Cape/Cape routing is assessed another point down at WS19.5. Meanwhile, 270,000mt to China is now rated five points lower....
Bunker Ports News
Published 3y-8mo-2d-19h-34m ago
When the Gothenburg based shipowner company Furetank had to make a decision about which fuel to invest in, they opted for liquefied gas. A choice they’re very happy with today. The company is continuing the switch to gas and replacing....
Bunker Ports News
Published 3y-8mo-4d-19h-34m ago
During the first two weeks of 2021, world bunker indices continued their moderate upward trend. Meantime, the most critical unknowns for the bunker market are still the coronavirus pandemic, the rate and effectiveness of vaccinations that have begun around the....
Bunker Ports News
Published 3y-8mo-5d-19h-34m ago
The year 2020 has been a tremendous test for the shipping industry and its seafarers. With the aim to raise awareness of how significant a role shipping plays in society and daily lives, BIMCO is launching a two minute film produced....
Bunker Ports News
Published 3y-8mo-6d-19h-34m ago
Risavika LNG front month reached 30.12 EUR/MWh. European gas prices continued a strong upside on colder outlook for the front month, lower Russian supplies through Ukraine and fewer LNG arrival to Europe. Strong consumer demand in Asia, a severe shortage....
Bunker Ports News
Published 3y-8mo-6d-19h-34m ago
A new agreement between ABB Turbocharging, Hyundai Global Service HGS and Hyundai Heavy Industries’ Engine amp Machinery Division HHI EMD has established a ‘total service solution’ for ABB and Hyundai customers, delivering optimal efficiency and emissions performance across the entire ....
Bunker Ports News
Published 3y-8mo-1w-19h-34m ago
Qatargas Operating Company Limited Qatargas announced today the completion of the first ever commercial ship to ship STS transfer of a liquefied natural gas LNG cargo involving a Q Flex LNG vessel. The transfer took place at Subic Bay, Philippines.
A full cargo of 212,000....
Bunker Ports News
Published 3y-8mo-1w-19h-35m ago
VLCC
A relatively quiet start to 2021. On the new 2021 Worldscale schedule, flat rates fell about 17%. To compensate, fixing rates reflected an upward adjustment on the first working day of the year, but have since eased. In the Middle....
Bunker Ports News
Published 3y-8mo-1w-2d-19h-34m ago
In June 2019, the Grimaldi Group’s Grande Portogallo, a 165 metre long Pure Car amp Truck Carrier fitted with a Controllable Pitch Propeller CPP , set sail with a ground breaking piece of technology onboard. This vessel had on board a pre swirl stator PSS designed....
Bunker Ports News
Published 3y-8mo-1w-2d-19h-34m ago
The Prysmian Group is betting on Wärtsilä’s retractable thrusters for the most advanced cable layer vessel in the world. Find out how its use helped Prysmian dramatically reduce installation times, especially during a pandemic, while helping improving efficiency and reliability.
Its....
Bunker Ports News
Published 3y-8mo-1w-4d-19h-34m ago
Together with partners, the Port of Rotterdam offers port professionals a deeper understanding of the complex dynamics of the port industry via different training programs. With STC International a new online programme is developed to offer in depth insight on the....
Bunker Ports News
Published 3y-8mo-1w-4d-19h-35m ago
Global Bunker Market faced some historically significant challenges last year, it started with IMO2020, the greatest change in fuel regulation in this century, with lot of expectations and contradictory predictions. However, the appearance of the so called “Joker factor” –....
Bunker Ports News
Published 3y-8mo-1w-5d-19h-34m ago
ABS and Keppel Offshore amp Marine are continuing their pioneering application of digital technologies by integrating Smart functions into the world’s first smart LNG bunkering vessel – FueLNG Bellina, equipped with Keppel O amp M’s proprietary AssetCare Digital Solution.
ABS was select....
Bunker Ports News
Published 3y-8mo-1w-5d-19h-34m ago
Fluechem, the UK based specialist supplier of chemical bunkering solutions has launched a revolutionary new system that allows shipping owners to create their own Urea solution onboard.
Launched at the end of 2020 the Urea Generator by Fluechem was born out....
Bunker Ports News
Published 3y-8mo-1w-6d-19h-34m ago
End of life vessels are delivered to the recycling facilities located on the coast of the Alang, India. The Hong Kong Convention HKC compliant recycling facilities in India have built the impermeable floors in recycling plots adjacent to the beach. The impermeable....
Bunker Ports News
Published 3y-8mo-1w-6d-19h-34m ago
Twelve months ago, some analysts predicted that the impact of IMO 2020 could be as momentous as when ships’ switched fuel type from coal to fuel oil. They often went on to predict widespread availability issues, compatibility problems, and....
Bunker Ports News
Published 3y-8mo-2w-1d-19h-34m ago
Leading Classification Society ClassNK released its Guideline for Survey and Facilities/Equipment of LNG Bunkering Ships, which outline the additional safety requirements of liquefied gas carriers that supply LNG fuel at sea.
The number of LNG fueled ships has been increasing in recent....
Bunker Ports News
Published 3y-8mo-2w-1d-19h-34m ago
Following the extraction of crude oil from the ground, it must then be transported to where it needs to be. The logistical infrastructure responsible for the worldwide transportation of crude oil is staggering, to say the very least.
There are a....
Bunker Ports News
Published 3y-8mo-2w-2d-19h-34m ago
The three year arrangement on port tariff increases that exists between the Port of Rotterdam Authority and the relevant market parties, represented by Deltalinqs and VRC, is to be extended by one year. As has been the case from 2018 to....
Bunker Ports News
Published 3y-8mo-2w-2d-19h-34m ago
The coronavirus pandemic has exposed and accelerated underlying trends in remote working, global travel, technological advancement and AI. The most innovative companies are capitalising on these trends.
At the peak of the coronavirus pandemic in March 2020, some 2.6 billion people....
Bunker Ports News
Published 3y-8mo-2w-5d-19h-34m ago
Supply chains generally tend to be well orchestrated for moving goods across global networks. Any short term disruption can lead to bottlenecks as is the case with port congestion these days. Port congestions are not new to the industry and have....
Bunker Ports News
Published 3y-8mo-2w-5d-19h-34m ago
What was the last thing you printed While for many of us it’s likely to be a work document or a pile of handouts, the research engineers at the Wärtsilä Hub for Additive Manufacturing WHAM has moved into another dimension....
Bunker Ports News
Published 3y-8mo-2w-6d-19h-34m ago
Prolonged waiting periods of vessels carrying Australian coal to China: cargo hazards and precautions while waiting to discharge coal.
The Club has learned that a number of ships loaded with Australian coal are experiencing significant delays in receiving authorisation to discharge....
Bunker Ports News
Published 3y-8mo-3w-19h-34m ago
During the COVID 19 pandemic, there has been much discussion about how digitisation has been critical to keep supply chains moving and enable the continued smooth operations of transportation networks, shipping and ports.
The realisation is that digitisation of shipping and logistics....
Bunker Ports News
Published 3y-8mo-3w-19h-34m ago
Shipping has faced some historically significant challenges this year, we opened the year with IMO2020, the greatest change in fuel regulation in this century and we end the year still trying to come to grips with crew changes in such....
Bunker Ports News
Published 3y-8mo-3w-1d-19h-34m ago
In November 2020, the Maritime Silk Road Trade Index STI released by the Ningbo Shipping Exchange showed that the import and export trade index was 161.13 points, up 10.78% from the previous month and up 13.83% year on year the export trade....
Bunker Ports News
Published 3y-8mo-3w-1d-19h-34m ago
As carbon neutral fuel choices narrow, shipowners are beginning to look more closely at how existing and newbuild vessels might use clean fuels. Ammonia is near the top of the list for many shipowners.
Ammonia has traditionally been produced from hydrocarbons, although....
Bunker Ports News
Published 3y-8mo-3w-2d-19h-34m ago
Russia’s first cargo and passenger ship to ship LNG bunkering vessel has been set afloat — shipyard specialists having completed the main stage in the vessel’s construction, including assembling the hull and installing LNG fuel tanks and other auxiliary systems, in record time.....
Bunker Ports News
Published 3y-8mo-3w-5d-19h-35m ago
REV LNG, LLC, a Pennsylvania based Liquefied Natural Gas LNG services provider, recently completed the first truck to ship LNG bunkering operation in Great Lakes history at the Port of Hamilton’s POH Pier 22 for the MV Demia Desgagnés. The operation is the....
Bunker Ports News
Published 3y-8mo-3w-6d-19h-35m ago
